以太坊（ETH）价格预测2025：炒作是否消失了？

2025年4月，以太坊（ETH）被誉为分散申请的未来，其交易价格约为1637美元，与2021年初的价格相同。

In April 2025, Ethereum (ETH) is trading at around $1,637, the same price it held in early 2021. After reaching highs of over $4,800 during the 2021 bull run, the second-largest cryptocurrency by market cap has seemingly come full circle.

2025年4月，以太坊（ETH）的交易价格约为1,637美元，其价格与2021年初的价格相同。在2021年公牛运行期间达到超过4,800美元之后，市值的第二大加密货币似乎是全圈。

This stagnation, which is visible in the long-term chart from CoinMarketCap, raises a difficult question in the crypto space: has Ethereum lost its momentum?

在CoinMarketCap的长期图表中可以看到这种停滞，在加密货币领域提出了一个棘手的问题：以太坊是否失去了动力？

This closely mirrors Ethereum’s value in early 2021, before its explosive rally began. Despite upgrades like The Merge, which transitioned Ethereum to proof-of-stake in 2022, and an expanding DeFi/NFT ecosystem, the price today doesn't reflect the perceived technological progress.

这密切反映了以太坊在2021年初的爆炸性集会开始之前的价值。尽管像Merge这样的升级，该升级将以太坊转变为2022年的股份证明，并且不断扩大，但当今的价格并不能反映出所感知的技术进步。

This discrepancy has left investors and analysts split between long-term faith in the blockchain’s potential and short-term disillusionment with the lack of substantial price appreciation despite the hype.

这种差异使投资者和分析师在对区块链潜力和短期幻灭的长期信仰之间分歧，尽管炒作了，但由于炒作而缺乏大量的价格升值。

Is Ethereum Losing Its Power?

以太坊会失去力量吗？

According to a Bloomberg analysis from March 2025, institutional interest in Ethereum has dropped significantly since 2023, with many asset managers favoring faster, cheaper layer-1 alternatives like Solana and Avalanche.

根据2025年3月的彭博社分析，自2023年以来，对以太坊的机构兴趣已大大下降，许多资产经理都赞成更快，更便宜，更便宜的层替代品（如Solana和Avalanche）。

Even the once-thriving NFT sector, largely powered by Ethereum, has seen a decline in trading volume by over 60% year-over-year, as revealed by the DappRadar Q1 2025 Report.

正如Dappradar Q1 2025年的报告所示，即使是以太坊的主要驱动的NFT领域，交易量的同比下降了60％以上。

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Meanwhile, CoinDesk reported in February 2025 that Ethereum’s network usage has plateaued, with gas fees declining not due to efficiency, but due to lower demand.

同时，Coindesk在2025年2月报道说，以太坊的网络使用率已经平稳，汽油费下降不是由于效率，而是由于需求降低。

This aligns with Buterin's assertions about Ethereum facing “a challenge of identity” — balancing scalability, decentralization, and usability without alienating developers and users.

这与Buterin关于以太坊面临的主张相吻合，即面临“身份的挑战” - 平衡可扩展性，权力下放和可用性，而无需疏远开发人员和用户。

The crypto heatmap today is a far cry from the bull run, with Bitcoin hovering around $39,000 and major altcoins like BNB, XRP, and Cardano struggling to maintain their 2024 gains.

今天的加密热图与公牛奔跑相去甚远，比特币徘徊在39,000美元左右，而BNB，XRP和Cardano等主要山寨币则努力维持其2024年的增长。

The macroeconomic environment, stricter U.S. regulations, and shifting retail sentiment have all contributed to a cooling of crypto enthusiasm.

宏观经济环境，更严格的美国法规和不断变化的零售情绪都导致了加密热情的冷却。

This contrasts sharply with the exponential growth in both user activity and developer contributions to the Ethereum ecosystem, as highlighted by a recent Messari report.

正如最近的Messari报告所强调的那样，这与用户活动和开发人员对以太坊生态系统的贡献的指数增长形成鲜明对比。

The report also notes a sevenfold increase in liquid Ether held by DeFi protocols, demonstrating the potential for internal growth despite external challenges. However, the question remains: will this be enough to reignite Ethereum’s price and help it break free from the $1,600 barrier? Only time will tell as the blockchain continues to evolve and adapt in an ever-changing crypto landscape.output: handles the internal and external pressure with a balance that will determine its enduring legacy in the years to come.

该报告还指出，Defi协议持有的液体醚增加了七倍，表明尽管有外部挑战，内部增长的可能性。但是，问题仍然存在：这足以重新点燃以太坊的价格并帮助它摆脱1,600美元的障碍？当区块链继续在不断变化的加密景观中发展和适应时，只有时间会说明。

As Buterin himself noted in a recent blog post, Ethereum faces “a challenge of identity” — balancing scalability, decentralization, and usability without alienating developers and users.

正如Buterin本人在最近的一篇博客文章中所指出的那样，以太坊面临着“身份的挑战” - 平衡可扩展性，权力下放和可用性，而无需疏远开发人员和用户。

This aligns with the observations of economists who have pointed out that while blockchain technology offers groundbreaking potential, its broad adoption will depend on its ability to meet diverse user needs and integrate seamlessly with existing economic systems.

这与经济学家的观察结果保持一致，他们指出，尽管区块链技术具有开创性的潜力，但其广泛的采用将取决于其满足不同用户需求并与现有经济系统无缝集成的能力。